Author: johnmahama

Dubai’s Gold Souq contributes over $70 billion annually in trade volume. India’s gold Souq contributes around $34 billion to GDP through exports, refining, and retail. Turkey’s gold market contributes over $30 billion with its Grand Bazaar Gold Souq being a major hub. If Ghana establishes a well-structured Gold Souq, it can generate $2 billion to $10 billion annually in direct gold sales, refining, and tourism-related transactions. Based on this impeccable data, Ghana stands to lose a $10 billion dollars per anum if this proposal doesn’t see the day of light. To establish Ghana as Africa’s premier gold trading hub, we…

The writer, Erica Atika Mohammed Here are 8 reasons that likely contributed to the defeat of the New Patriotic Party (NPP) in the 2024 Ghanaian general elections, with Dr. Mahamudu Bawumia as the flagbearer, based on available insights and context surrounding the election:1 Economic Crisis and Cost of Living: Ghana faced its worst economic crisis in decades, with soaring inflation (peaking in late 2022) and a depreciating cedi.This led to a sharp rise in the cost of living, which alienated voters who blamed the NPP’s economic management, particularly Bawumia as head of the Economic Management Team.The latter started on a…

Minister for Foreign Affairs Samuel Okudzeto Ablakwa has announced the establishment of a special passport centre exclusively for Hajj applicants, aimed at streamlining and expediting the passport application process for Ghanaian pilgrims.Speaking at the Hajj Village on Tuesday, 4th March, Mr Ablakwa explained that this initiative is part of the government’s commitment to ensuring a seamless travel experience for Muslims undertaking the sacred pilgrimage.The centre will operate from Tuesday, 4th March, to Thursday, 13th March 2025.Highlighting the government’s commitment to improving accessibility to essential services, Mr Ablakwa stated, “We are not oblivious of the fact that for many, securing travel…

Vincent Ekow Assafuah is the Old Tafo MP The Member of Parliament for Old Tafo, Vincent Ekow Assafuah, has launched a scathing attack on certain members of the National Cathedral Board of Trustees who resigned.Speaking as a panelist on UTV on Tuesday, March 4, 2025, Assafuah strongly criticised the decision of some clergy members to resign from the board and oppose the construction of the National Cathedral, especially since, in his view, the project was primarily intended to benefit Christians.According to the lawmaker, those individuals should be ashamed of themselves for their decision and for vehemently criticising the former government.…

Speaker of Parliament, Alban Bagbin, has issued a strong condemnation of derogatory comments made against Dr. Zanetor Rawlings, the Member of Parliament for Korle-Klottey, during a heated parliamentary session on February 4, 2025.During the proceedings, a male voice was heard shouting, “Daughter of a murderer, sit down! Daughter of a murderer, sit down!”The outburst occurred while Minority Leader, Alexander Afenyo-Markin was addressing the House and calling for calm.The remark came amid intense discussions on the 60th anniversary of Joseph Boakye Danquah’s death. Tensions flared after Tamale Central MP, Ibrahim Murtala Muhammed, challenged what he perceived as exaggerated praise from the…

A galamsey operator, who allegedly raped an elderly woman has been remanded by the Tarkwa District Magistrate Court into police custody due to ongoing Police investigations.   The accused, Vitus Nsore, 24, would appear before the court again on March 21, 2025. His plea has not been taken.   Police Sergeant Douglas Addae, who led prosecution, told the court presided over by Mr Charles Owusu Nsiah that the complainant, was a 56 year-old farmer who reside in Amoanda with her family and Nsore.   He said on February 9, this year, around 0100 hours, the complainant was asleep in her room, but because…

As Ghana marks its 68th Independence Anniversary, the theme chosen— “Reflect, Review, and Reset”—invites us to pause and take stock of our journey as a nation. But beyond the ceremonial echoes of speeches and parades, one must ask: Is this where we should be after nearly seven decades of self-rule? Are we merely resetting what has already been set, or have we lost our way entirely? Independence, for which our forebears sacrificed, was meant to be a gateway to economic prosperity, self-reliance, and proper governance by the people and for the people. Yet, the very essence of that independence has…

Josephine Oppong-Yeboah is a media personality and gender advocate Media personality and gender advocate, Josephine Oppong-Yeboah, has lauded President John Dramani Mahama for his unwavering commitment to implementing the Affirmative Action Act of 2024 (Act 1121), a key legislation aimed at advancing gender equity across all sectors of national development.”It is welcoming to hear that President Mahama wants to put to action the Affirmative Action Act,” she noted. For her, the full implementation of the Act would amplify women’s voices and ensure their active participation in shaping the country’s future.During his first State of the Nation Address (SONA) since his…

The Secondary bond market activities picked up last week, rising 67% week-on-week to GH¢1.67 billion, with treasury bills leading trade volumes. The general category bonds saw decent activity, driven by February 2028 and February 2030 bonds. This accounted for 68% of total trades at an average Yield-To-Maturity of 25%. Overall, the 2027–2030 maturities made up 77% of trades at an average YTM of 25%. The 2031–2038 maturities accounted for 23%, with the average YTM easing to 26%. Analysts expect stronger demand at the shorter end of the yield curve as investors position ahead of the national budget reading scheduled for…

Traders at the Kumasi Kejetia Market in the Ashanti Region have voiced their frustration over recurrent power outages, which they say are disrupting business activities.The Electricity Company of Ghana (ECG) has disconnected power to the market due to an outstanding electricity debt of GHS 2.3 million.However, the traders blame the market management for the accumulated debt, insisting that they have paid their bills and do not owe the management any arrears.Angered by the situation, the traders have called on President John Dramani Mahama to dismiss the market’s management team, particularly the Managing Director, whom they accuse of incompetence and mismanagement.The…